(ANDERSON) - The company that owns the Anderson Speedway in central Indiana is fighting county officials over a $125,000 bill for overdue property taxes.

The race track was listed as part of a Madison County tax sale until it was removed by a judge last month after Action Entertainment paid $25,000 of the outstanding bill.

Company president Rick Dawson tells The Herald Bulletin the track is behind on it property taxes, but that it is appealing the tax assessment and amount of penalties owed. Dawson says track's been successful the past couple years after having business troubles during the recession.

The tax dispute is also jeopardizing the track's liquor license renewal in October because county officials must certify there are no delinquent taxes for that to be approved.